The year 2017 was a very remarkable year for blockchain technology. Blockchain gradually came into general public cognizance. Even beyond the simply startling upward push of cryptocurrencies and cryptographic market, the general public became aware how a variety of business sectors can be transformed by application based on blockchain technology. However as with all emerging technology that gains visibility and begin to be carried out across actual world use case, issues have emerged across the underlaying traits of blockchain, many of which need to be tackled effectively. that being stated the presence of this issues fills in as a maker of exactly how far blockchain has come, most tech genius have highlighted that blockchain could support the next phase of internet, creating the decentralized world wide web, in as much as we look ahead of this new decentralized internet it is expedient of us to consider on of the most crucial elements which is decentralized storage.
While blockchain is on the ascent, it is not the only system that is straining the existing capacity framework, AI and especially IoT are also challenging the limits of storage. It is predicted that by 2020 there will be over 20 billion connected devices to the internet which will make use of data storage, retrieval of tremendous quantities of data, linked devices combined with client personalization apps and increasing want to proportion statistics across commercial enterprise strains are all increasing the demand for data storage on a daily basis. The drive towards a more data centric way of working is taking against a more centralized database.
The coming into existence of DApps based on blockchain technology also makes new difficulties, as they exchange gigantic volume of data that need to be stored and managed. Blockchains like Ethereum do not have the make up for data storage and management, using sing them in that line will consume space and slow down transactions in the network.
This is where Arweave comes into play, to provide a layer of scalable on-chain storage which can tackle the overwhelming demand for data storage via the blockchain technology.
ABOUT ARWEAVE PROTOCOL
Arweave has seen the pitfalls of centralized data storage systems and has taken into consideration to protocol based on decentralized blockchain technology with “proof of Access consensus” to provide a whole new approach on data storage which can truly create permanent data storage at low-cost and truly censorship free.
Permanent data storage problem has been a bottleneck in the data storage industry, most veterans in the data industry has cried out over the years on the inadequacy and in efficiency of the hard drive to store data permanently due to the fact that it is prone to failure, data corruption and data erasure. The good news is that Arweave has found a long-lasting solution to permanent data storage, Arweave solves this issue with cryptography and decentralized architecture.
ARWEAVE’S TECHNOLOGY
In order for Arweave to achieve its goal and provide seamless service Arweave has put in place some adequate technology to deliver the expected task
• BLOCKWEAVE
To enable efficient scalability Arweave uses the blockweave to permit secure decentralization without the use of the entire chain the Blockweave technology has the capacity to verify transactions on the block without engaging the previous transaction block, all actions are performed at a low cost.
• PROOF OF ACCESS
This is a means to facilitate decentralized data storage, as it provides miners the opportunity to maximize the mining process thereby saving a whole lot of electricity consumption in the mining process.
• BLOCKSHADOWS
Blockshadows has the functionality to transmit a “shadow” that is reconstructed by recipient’s nodes which allows for a low-cost network capable of up to 5000 transactions per second
TEAM
ADVISORS
CONCLUSION
Arweave robust architecture provides a well decentralized data storage which is the solution to the issue of permanent data storage facilities plaguing the data industry in the last few years.
Arweave mainnet is set to launch in the next couples which is happening fast and in line, unlike other platform which is a clear indication that the team is serious and the project is set to really create the change we need in both crypto space and data industry.
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